Sluggish real estate market hits circle rates in Gurgaon

Ashok Kumar | June 27, 2016

Sluggish real estate market hits circle rates in Gurgaon
The Haryana Government has approved 15 per cent decrease in collector rates (circle rates) of property in Gurgaon in view of the sluggish real estate market. It is for the first time in the history of the Millennium City, a premium real estate market, that the collector rates for property have actually been slashed. In the previous two financial years, 2014-15 and 2015-16, the collector rates were kept unchanged in the city. The city has been witnessing slowdown in the real estate market for the past three years thus significantly reducing the property transactions and bringing down the revenue to the State exchequer

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The Cadillac Fairview Corporation Limited is one of North America's largest owners, operators and developers of commercial real estate. Cadillac Fairview focuses on developing and managing high quality office, retail and mixed-use properties in Canada and the United States, as well as internatio


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The Cadillac Fairview Corporation Limited is one of North America's largest owners, operators and developers of commercial real estate. Cadillac Fairview focuses on developing and managing high quality office, retail and mixed-use properties in Canada and the United States, as well as internatio

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